Long journey ahead for OECD's tax plan

ON Oct 5, the Organisation for Economic Co-operation and Development (OECD) announced new tax proposals under its Base Erosion and Profit Shifting (BEPS) Action Plan, which seeks to make sure that profits are taxed where the economic activity occurs. In some ways, the final OECD reports are a little bit of an anti-climax. Why is that? In the first place, the OECD admits it still has a lot of work to do and secondly, BEPS is really just starting.

The reports are not the end. Rather, it is now up to various countries to implement actual laws to gi…